Why You Should Never Sell Your Bitcoins Ever

[secone]

If someone never and ever sell their bitcoins so i think it is a mistake, if you are only holding the bitcoins so how you can get profit from it. if you utilize it or trading it, perhaps one time you think that should sell it now. 

maybe he just want to spend it, not interesting to convert at fiat.
in future i think many people will interesting to accept bitcoin as main payment processor.

[Pursuer]

If someone never and ever sell their bitcoins so i think it is a mistake, if you are only holding the bitcoins so how you can get profit from it. if you utilize it or trading it, perhaps one time you think that should sell it now. 

if you read the topic first before posting you realize that it is not about profiting from selling and going back to fiat. it is about the profit that you get from using bitcoin as a currency.

the real price of bitcoin (I am talking about 4 digits price not this current cheap price) when is achieved then you can easily use it as a currency and as common as you use fiat so selling means you will miss out on using bitcoin.

[tabas]

If someone never and ever sell their bitcoins so i think it is a mistake, if you are only holding the bitcoins so how you can get profit from it. if you utilize it or trading it, perhaps one time you think that should sell it now. 

I think it is not a mistake if someone never ever sell their bitcoins. Why? Because think about those people who are holding their bitcoins for a long
time they are some people who are holding since 2012 or even when the starting days of bitcoin. Because they know the potential of it in the future.
No there is no mistake on not selling bitcoin.

[rekinthis]

Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.

The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??

If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.

If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.

Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?

well i think that people should never sell their bitcoins because price will always rise not matter how low it is, and people usually sell them just because of that, small price

and some people sell their bitcoins for stupid price because they stop believing in them, i think that if you don't want to have them anymore, you should sell them only when price is very large to get profit

[Hatuferu]

Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.

The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??

If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.

If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.

Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?

well i think that people should never sell their bitcoins because price will always rise not matter how low it is, and people usually sell them just because of that, small price

and some people sell their bitcoins for stupid price because they stop believing in them, i think that if you don't want to have them anymore, you should sell them only when price is very large to get profit

Not selling the bitcoins because you are waiting for more price increase even if you already hit the profit level is a sign of being greedy, we need to set up our goal in investing and simply follow it so we would not regret if anything happen with the price that would negatively affect our investment.

[coinyard]

Not selling the bitcoins because you are waiting for more price increase even if you already hit the profit level is a sign of being greedy, we need to set up our goal in investing and simply follow it so we would not regret if anything happen with the price that would negatively affect our investment.

I think the price of bitcoin will rise in long term. So I do not sell when the price is low. If the price is $2000 this year, I might sell some.

[fearlesscat10]

Not selling the bitcoins because you are waiting for more price increase even if you already hit the profit level is a sign of being greedy, we need to set up our goal in investing and simply follow it so we would not regret if anything happen with the price that would negatively affect our investment.

I think the price of bitcoin will rise in long term. So I do not sell when the price is low. If the price is $2000 this year, I might sell some.

Is there a point in which you would sell all your bitcoins?

[BitHodler]

Not selling the bitcoins because you are waiting for more price increase even if you already hit the profit level is a sign of being greedy, we need to set up our goal in investing and simply follow it so we would not regret if anything happen with the price that would negatively affect our investment.

I think the price of bitcoin will rise in long term. So I do not sell when the price is low. If the price is $2000 this year, I might sell some.

Is there a point in which you would sell all your bitcoins?

It's never a good idea for anyone to sell all your coins at once as you will surely regret it heavily.

I once did it because I made a decent profit, but I can tell you I didn't feel good at all even though I made a very nice profit.

I bought back some coins just to make myself feel good again

[torontoluxuryhomes]

Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.

The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??

If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.

If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.

Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?

I think that your analysis is correct and clear, but you are missing I think one point:
TIME
Because with inflation a money loss value in the time, but in the right time it's a good way spend/change it.
So the problem arising when people sell btc without criteria, or try to convert in easy cash and don't spend for really product.

[silentkiller]

It's better to hold as much into the wallet on buying as well earning

yeah youre right ,thats the best thing to do right now while we are waiting for the halving to start.. hold your bitcoins and sell it for the right time.? And when is the right time? Its up to you!

[specturul]

It's better to hold as much into the wallet on buying as well earning

yeah youre right ,thats the best thing to do right now while we are waiting for the halving to start.. hold your bitcoins and sell it for the right time.? And when is the right time? Its up to you!

The right time is ... a BILL and you don't have so much cash for paying it!
I am joking but we can't never know when is the right time to sell/buy, every one has the right idea about it .

[shane]

if you never sell bitcoin, yeah this situation has always been very pleasant. but still this is not the highest price, so yeah you will never sell when it does not go above $5k-10k. but I will always sell bitcoin when I saw the prices were high and the right time to sell, because I can buy more when prices fall

[Next BillG]

if you never sell bitcoin, yeah this situation has always been very pleasant. but still this is not the highest price, so yeah you will never sell when it does not go above $5k-10k. but I will always sell bitcoin when I saw the prices were high and the right time to sell, because I can buy more when prices fall

I have never sold any bitcoin. I just hold the bitcoin since 2013. I use about 10% to buy things on line.

[jiefes]

  Never say never". If you want to achieve the maximum you have to wait until 2140.

[Kevin77]

Never say never". If you want to achieve the maximum you have to wait until 2140.

I mean, what's the point of holding on to bitcoins at all, if you're never going to sell them anyway?
I mean, you'll just die out and still waiting for bitcoin to increase in value? Of course the value of bitcoin will definitely continue to grow but there'd be no point if you're not going to use them.

[extrabyte]

I don't say that i will not sell my bitcoin ever but now its not the time to sell them especially before the halving which i think the price will be increased much more than it is right now. Never selling means nothing, not profitable.

[richardsNY]

Never say never". If you want to achieve the maximum you have to wait until 2140.

I mean, what's the point of holding on to bitcoins at all, if you're never going to sell them anyway?
I mean, you'll just die out and still waiting for bitcoin to increase in value? Of course the value of bitcoin will definitely continue to grow but there'd be no point if you're not going to use them.

I know some people that have been saving money their entire life without even touching their money in 20-30 years. I asked them why, and they told me they just like the idea of having a good amount of money. Maybe that some people also like to do this with Bitcoin. It's of course great to have a good sum of money/coins, but make sure you use it, or simply cash out some coins from time to time.

[DeDordtenaar]

Never say never". If you want to achieve the maximum you have to wait until 2140.

I mean, what's the point of holding on to bitcoins at all, if you're never going to sell them anyway?
I mean, you'll just die out and still waiting for bitcoin to increase in value? Of course the value of bitcoin will definitely continue to grow but there'd be no point if you're not going to use them.

yeah so the conclusion is not to hold your bitcoin too long. Do not wait for the price that is impossible to happen. selling your bitcoin when prices still pump. you will not feel regret of it because bitcoin price ups and downs. you can buy more at lower prices?
you just need to find a good price to sell

[Hatuferu]

Never say never". If you want to achieve the maximum you have to wait until 2140.

I mean, what's the point of holding on to bitcoins at all, if you're never going to sell them anyway?
I mean, you'll just die out and still waiting for bitcoin to increase in value? Of course the value of bitcoin will definitely continue to grow but there'd be no point if you're not going to use them.

yeah so the conclusion is not to hold your bitcoin too long. Do not wait for the price that is impossible to happen. selling your bitcoin when prices still pump. you will not feel regret of it because bitcoin price ups and downs. you can buy more at lower prices?
you just need to find a good price to sell

Absolutely, bitcoins is risky due to the volatility of the price, the could change drastically in a matter of days so if you don,t know about timing your will never earn in bitcoins. Just be professional and stick with your goal and execute the plan very well.

[chaser15]

Absolutely, bitcoins is risky due to the volatility of the price, the could change drastically in a matter of days so if you don,t know about timing your will never earn in bitcoins. Just be professional and stick with your goal and execute the plan very well.

And that is the challenge for us bitcoin users to make profit. There's no easy way to make profit in bitcoin so in here we have to play with all the risk and that will include the active price fluctuations of bitcoin.

Yes be professional for what method do you want to use and make sure that you maintained well your trading strategy.